🔔🔔🔔GBP/USD news:
➡️ GBP/USD capitalized on strong selling pressure around the US Dollar, trading near its highest level since February 2022 around 1.3500 during Friday's European session. UK data revealed that Retail Sales rose by 1.2% in April, surpassing market expectations of 0.2% and lending support to the Pound.
➡️ The pair advanced as the Greenback weakened, driven by a decline in US Treasury yields. The 30-year Treasury yield fell from 5.15%, its highest in 19 months, amid growing concerns about the expanding US budget deficit, while Trump's "Beautiful Big Bill" heads to the Senate.
➡️ The US House of Representatives passed Trump's budget proposal on Thursday, which includes tax cuts on tipped income and loans for US-made car purchases. According to the Congressional Budget Office (CBO), the proposal is projected to add another $3.8 billion to the deficit.
Personal opinion:
➡️ USD still shows its significant decline in the coming time, optimistic economic data on Thursday cannot improve the positive sentiment for investors due to the worsening financial situation of the US
➡️ Analysis based on important resistance - support levels and Fibonacci combined with EMA to come up with a suitable strategy
Personal plan:
🔆Price Zone Setup:
👉Buy GBP/USD 1.3440 - 1.3450
❌SL: 1.3400 | ✅TP: 1.3495
FM wishes you a successful trading day 💰💰💰
➡️ GBP/USD capitalized on strong selling pressure around the US Dollar, trading near its highest level since February 2022 around 1.3500 during Friday's European session. UK data revealed that Retail Sales rose by 1.2% in April, surpassing market expectations of 0.2% and lending support to the Pound.
➡️ The pair advanced as the Greenback weakened, driven by a decline in US Treasury yields. The 30-year Treasury yield fell from 5.15%, its highest in 19 months, amid growing concerns about the expanding US budget deficit, while Trump's "Beautiful Big Bill" heads to the Senate.
➡️ The US House of Representatives passed Trump's budget proposal on Thursday, which includes tax cuts on tipped income and loans for US-made car purchases. According to the Congressional Budget Office (CBO), the proposal is projected to add another $3.8 billion to the deficit.
Personal opinion:
➡️ USD still shows its significant decline in the coming time, optimistic economic data on Thursday cannot improve the positive sentiment for investors due to the worsening financial situation of the US
➡️ Analysis based on important resistance - support levels and Fibonacci combined with EMA to come up with a suitable strategy
Personal plan:
🔆Price Zone Setup:
👉Buy GBP/USD 1.3440 - 1.3450
❌SL: 1.3400 | ✅TP: 1.3495
FM wishes you a successful trading day 💰💰💰
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✅ t.me/+Y9T5_BwC7_JhMWM1
Join now !!!!
Channel: signals - knowledge and FOREX comments
Join now !!!!
Channel: signals - knowledge and FOREX comments
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.